2022
Exports
$81.4kWorld Rnk 84 / 160
Flag Rnk 563 / 1017
2022
PRODUCT COMPLEXITY IN Knitting Machine Accessories
1.56Rnk 40 / 1025
2022
Imports
$4.3MWorld Rnk 68 / 202
Flag Rnk 519 / 1175
2022
ECONOMIC COMPLEXITY of Ecuador
-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $81.4k in Knitting Machine Accessories, making it the 84th largest exporter of Knitting Machine Accessories in the world. At the same year, Knitting Machine Accessories was the 563rd most exported product in Ecuador. The main destination of Knitting Machine Accessories exports from Ecuador are: United States ($29.8k), Honduras ($11.4k), India ($10.6k), Thailand ($6.63k), and Guatemala ($6.2k).

The fastest growing export markets for Knitting Machine Accessories of Ecuador between 2021 and 2022 were Honduras ($11.4k), India ($10.6k), and United States ($8.99k).

Imports In 2018, Ecuador imported $4.3M in Knitting Machine Accessories, becoming the 68th largest importer of Knitting Machine Accessories in the world. At the same year, Knitting Machine Accessories was the 519th most imported product in Ecuador. Ecuador imports Knitting Machine Accessories primarily from: Austria ($857k), Germany ($669k), China ($484k), United States ($403k), and Italy ($398k).

The fastest growing import markets in Knitting Machine Accessories for Ecuador between 2021 and 2022 were Spain ($178k), Germany ($158k), and Czechia ($108k).

Latest Trends

December 2021

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2016 - December 2021)$-827(-100%)
IMPORT GROWTH (December 2020 - December 2021)$103k(66.1%)
MAIN DESTINATION (December 2021)Panama$0.4

This section shows Knitting Machine Accessories's exports and imports data at subnational level for Ecuador. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Knitting Machine Accessories over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$81.4k
IMPORTS (2022)$4.3M
NET TRADE (2022)-$4.22M

In 2022, Ecuador exported $81.4k in Knitting Machine Accessories. The main destinations of Ecuador exports on Knitting Machine Accessories were United States ($29.8k), Honduras ($11.4k), India ($10.6k), Thailand ($6.63k), and Guatemala ($6.2k).

In 2022, Ecuador imported $4.3M in Knitting Machine Accessories, mainly from Austria ($857k), Germany ($669k), China ($484k), United States ($403k), and Italy ($398k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitting Machine Accessories EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Honduras$11.4k (1%)
India$10.6k (1%)
United States$8.99k (43.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitting Machine Accessories BY Ecuador WERE (2021 - 2022):
South Africa-$6.78k (-100%)
Canada-$2.63k (-80%)
Indonesia-$1.05k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Knitting Machine Accessories were:
In 2022, Ecuador's main importing competitors in Knitting Machine Accessories were:

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Trade Value of Knitting Machine Accessories by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $31.5k
TOP IMPORT POTENTIALChina+ $362k

Knitting Machine Accessories’s highest export potential is United States. With an export gap of $31.5k.   Knitting Machine Accessories’s highest import potential is China with an import gap of $362k.

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